Stocks plunge on coronavirus fears | Oil bear market | How long can downturn last?

Rising coronavirus fears hit stocks and oil prices hard on Monday.

VIEW IN BROWSER | SUBSCRIBE MON, JAN 27, 2020 EVENING BRIEF AS OF MON, JAN 27, 2020 • 04:01 ET DJIA 28533.15 -1.57% -456.58 S&P 500 3243.36 -1.58% -52.11 NASDAQ 9139.31 -1.89% -175.60   Most Active DOW NAME LAST CHG %CHG AAPL 308.95 -9.36 -2.94% MSFT 162.28 -2.76 -1.67% INTC 65.69 -2.78 -4.06% S&P 500 NAME LAST CHG %CHG BAC 32.85 -0.69 -2.06% F 8.89 -0.11 -1.22% AMD 49.26 -1.09 -2.16% NASDAQ NAME LAST CHG %CHG AMD 49.26 -1.09 -2.16% AAPL 308.95 -9.36 -2.94% MSFT 162.28 -2.76 -1.67% EDITOR'S NOTE Stocks fell precipitously as coronavirus cases multiplied, adding to losses that began last week.   Oil dropped to its lowest levels since October on fears that the virus would disrupt an already weakened global economy.   CNBC's Jesse Pound writes that the market reaction may be overdone. The 2003 outbreak of SARS, or severe acute respiratory syndrome, only dented markets for a few months. Just as in the SARS contagion, stocks of airlines, hotels and casinos have taken hits. And CNBC's Maggie Fitzgerald writes that Wall Street analysts already have begun downgrading names that could suffer from cautious consumer sentiment.   Investors have been nervous, anyway, after the market's rise to all-time highs, and the coronavirus offers an excuse to sell. Make no mistake, though: How long this novel virus will take to run its course, and the disruptions it may cause along the way, is not predictable.   "While we do not know how consumers and businesses will react to the risk from coronavirus, we hope that the actual impact on people is small," Piper Sandler analysts wrote Friday. "We believe that if the coronavirus is contained and the number of infected people begins to decline, then the likely impact on spending and travel will likely be small and temporary."   Subscribe to CNBC PRO for exclusive insights and analysis, and live business day programming from around the world. Al Lewis | CNBC Markets Editor @tellittoal TOP NEWS  Dow plunges as coronavirus fears rise, travel stocks slide CDC is monitoring 110 possible coronavirus cases across 26 states in US Oil tumbles to more than 3-month low on fears coronavirus will slow global growth Here's why the stock market may be overreacting to the coronavirus threat These US stocks have the most exposure to China's consumer market getting hit by coronavirus fears MacKenzie Bezos sells $400 million of her Amazon shares Boeing secures more than $12 billion in financing to help weather 737 Max crisis The stock market is starting to worry about Bernie Sanders GM investing $3 billion to produce all-electric trucks, autonomous vehicles Trump rages after reports that Bolton book claims president tied Ukraine aid to probes     TOP VIDEO Polcari: The coronavirus is the "excuse the market needed to take some money off the table"   CNBC PRO Citi raises Netflix outlook on benefit from accelerating cord-cutter trends   SPECIAL REPORTS In the busiest earnings week of the season, these are the four must-watch stocks Square shares need to clear this one level to kick-start next leg of rally, chart suggests   Unsubscribe Manage Newsletters Terms of Service Join the CNBC Panel Digital Products Feedback Privacy Policy   © 2020 CNBC LLC. All rights reserved. A property of NBCUniversal. 900 Sylvan Avenue, Englewood Cliffs, NJ 07632 Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes and Market Data and Analysis. Data also provided by THOMSON REUTERS